Avicorp has a $10.6 milion debt issue outstanding, with a 5.9% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is curtently priced at 96% of par value. a. What is Avicop's pretax cost of debt? Note: Compute the effective annual return b. II Avicorp faces a 40% lax rate, what is its after tax cost of debt? Note Assurve that the firm will always be able to utifice ins full irierest tax shield a. The cost of debt is ser yeat (Round to lour decimal places)